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Dynamic models of R & D, innovation and productivity : panel data evidence for Dutch and French manufacturing

Author: Wladimir Raymond; National Bureau of Economic Research.
Publisher: Cambridge, Mass. : National Bureau of Economic Research, 2013.
Series: Working paper series (National Bureau of Economic Research), no. 19074.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Database:WorldCat
Summary:
This paper introduces dynamics in the R & D to innovation and innovation to productivity relationships, which have mostly been estimated on cross-sectional data. It considers four nonlinear dynamic simultaneous equations models that include individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the conditional mean of labor productivity: through an  Read more...
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Details

Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Wladimir Raymond; National Bureau of Economic Research.
OCLC Number: 844953112
Notes: Title from http://www.nber.org/papers/19074 viewed May 29, 2013.
"May 2013."
Description: 1 online resource (33 pages).
Series Title: Working paper series (National Bureau of Economic Research), no. 19074.
Other Titles: Dynamic models of R and D, innovation and productivity
Responsibility: Wladimir Raymond [and others].

Abstract:

This paper introduces dynamics in the R & D to innovation and innovation to productivity relationships, which have mostly been estimated on cross-sectional data. It considers four nonlinear dynamic simultaneous equations models that include individual effects and idiosyncratic errors correlated across equations and that differ in the way innovation enters the conditional mean of labor productivity: through an observed binary indicator, an observed intensity variable or through the continuous latent variables that correspond to the observed occurrence or intensity. It estimates these models by full information maximum likelihood using two unbalanced panels of Dutch and French manufacturing firms from three waves of the Community Innovation Survey. The results provide evidence of robust unidirectional causality from innovation to productivity and of stronger persistence in productivity than in innovation.

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